Tax Breaks, Incentives Offered in HIRE Act

It is important for taxpayers to act quickly in order to receive the benefits offered by the Hiring Incentives to Restore Employment (HIRE) Act. Signed by President Obama in March, the act is aimed at boosting job creation. The two most important provisions are a tax credit and a limited “payroll tax holiday”, both of which encourage companies to hire unemployed workers in 2010. Even though some of the benefits may not be available until your next taxable year, gathering information now will help you easily qualify next year. Detailed information is outlined in the article.